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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Strong Downtrend (-100) - MGAEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MGAEUR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MGAEUR
The long-term trend has been DOWN since Jul 10th, 2024 at 0.00020557
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00020681
The short-term trend has been DOWN since Jul 2nd, 2024 at 0.00020875
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00020241 | 0.00020241 | 0.00020241 | 0.00020241 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00020241 | 2024-07-26 14:00:16 |